Equipment Rent. 3.1 The rent for the use of the Equipment for the period DATE to DATE payable by CHEQUE OR OTHER METHOD to GYPSD shall be AMOUNT ($ NUMBER) payable on the date of commencement of this Agreement, based on an annual rent of AMOUNT ($ NUMBER). Thereafter starting on September 1 the annual rent shall be increased in accordance with the provisions hereinafter set out regarding automatic rent increases and shall be paid annually on each September 1 during the currency of this Agreement or any renewal. The last payment under this Lease or any renewal shall be prorated by dividing the annual rent that would be payable by twelve (12) and multiplying the result by the number of month’s remaining in this Lease or the renewal term as the case may be. (hereinafter referred to as the "Equipment Rent")
Equipment Rent. Lessee shall pay to Lessor, as rent for the lease of the PET Scanner and Ancillary Equipment hereunder, an amount equal to all debt service and other payments, sums and charges due to the Equipment Lender under the Loan Documents (the "Equipment Rent"). The Equipment Rent will be due and payable on each date in each month during the Term hereof that Lessor is required to pay any such debt service, payments, sums and other charges to the Equipment Lender under the Loan Documents, until such time as Lessor's obligations to the Equipment Lender under the Loan Documents have been fully satisfied. If, at any time during the Term of this Lease, Lessor and the Equipment Lender change the terms of the debt service relating to the sums borrowed by Lessor to finance its purchase of the PET Scanner and the Ancillary Equipment, the Equipment Rent shall be adjusted (commencing on the date that any such change becomes effective) by an amount equal to any such modified debt service. All payments of Equipment Rent (and other amounts payable by Lessee under this Lease) shall be paid to Lessor by check at the address of Lessor set forth in Section 12.2 hereof, or at such other address as Lessor shall designate in writing to Lessee at least five (5) business days prior to the due date thereof. All payments of Equipment Rent (and other amounts due under this Lease) shall be paid to Lessor without any deduction, reduction, abatement or set-off unless otherwise agreed to in writing by Lessor.
Equipment Rent. All conditions of equipment rent are described in the contract, with which the Customer agrees at the time of payment. For the rent period all property rights for the leased equipment belong to ECOS-M and not transferred to the Customer. In case of equipment rent ECOS-M is fully responsible for the equipment maintenance and issues related to equipment breakdown do not affect the Customer’s income accrual under the Contract.
Equipment Rent. The Sublessee shall pay to CROET equipment rental, for the PSP, according to the following terms:
Equipment Rent. Subject to the terms and conditions set forth herein, Company and Distributor shall execute and deliver Equipment Schedules (in form and substance as identified on Attachment 1 herein) pursuant to this Master Rent (each, an “Equipment Schedule”) and pursuant to each Equipment Schedule the Company shall rent to Distributor the equipment and other property described on such Equipment Schedule (together with any attachments, replacements, parts, substitutions, repairs, accessions and accessories thereto, and software incorporated therein, the "Equipment”). Each Equipment Schedule will incorporate by reference this Master Rent and will specify certain terms relating to the renting of the Equipment (this Master Rent as incorporated into each Equipment Schedule, a “Rent”). Each Equipment Schedule, together with this Master Rent, shall constitute a separate and enforceable Rent. In the event that any term of any Equipment Schedule conflicts with or is inconsistent with any term of this Master Rent, the terms of the Equipment Schedule shall govern. As used herein, the term “Item of Equipment”, as it relates to any Equipment, shall have the meaning specified in the Equipment Schedule relating to such Equipment and if no such meaning is specified therein, “Item of Equipment” shall mean the Equipment as a whole.
Equipment Rent. Lessee shall pay to Lessor, as rent for the lease of the Scanner and Ancillary Equipment hereunder, an amount equal to all debt service and other payments, sums and charges due to the Equipment Lender under the Loan Documents (the "Equipment Rent"). The Equipment Rent will be due and payable on each date in each month during the Term hereof that Lessor is required to pay any such debt service, payments, sums and other charges to the Equipment Lender under the Loan Documents, until such time as Lessor's obligations to the Equipment Lender under the Loan Documents have been fully satisfied. All payments of Equipment Rent (and other amounts payable by Lessee under this Lease) shall be paid to Lessor by check at the address of Lessor set forth in Section 12.2 hereof, or at such other address as Lessor shall designate in writing to Lessee at least five (5) business days prior to the due date thereof. All payments of Equipment Rent (and other amounts due under this Lease) shall be paid to Lessor without any deduction, reduction, abatement or set-off unless otherwise agreed to in writing by Lessor. Lessee hereby grants Lessor a first lien and security interest in the fees payable to it under the License Agreement in order to secure payment to Lessor of the Equipment Rent and the Premises Rent and Additional Premises Rent (as such terms are hereinafter defined). Lessee will execute all UCC financing statements and other instruments requested of it by Lessor to perfect such lien and security interest. In the event of any breach or default by Lessee of its obligations to pay such Equipment Rent, Premises Rent and/or Additional Premises Rent to Lessor hereunder, Lessor shall have, as a non-exclusive remedy therefor, all rights and remedies of a secured creditor under the applicable provisions of the Uniform Commercial Code with respect to the aforementioned lien and security interest.
Equipment Rent
